Apple Inc.

Update: US Equity Indexes Rise as Amazon's Results Boost Consumer Discretionary, Crude Oil Trades Off Session Highs

(Updates with index/price moves and macroeconomic data from the first paragraph.)US equity indexes rose following a lift by standout gainers consumer discretionary and communication services, and as President Donald Trump signaled an agreement between Israel and militant group Hamas.The Nasdaq Composite rose 1% to 25,373.85, with the S&P 500 up 0.7% to 7,489.72 and the Dow Jones Industrial Average higher by 0.5% to 52,485.03 on Friday.Consumer discretionary catapulted 6.1%, and communication services soared 4.6%, outweighing a retreat led by materials.Amazon's (AMZN) web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 15%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple (APPL), meanwhile, sank 7.4%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.In geopolitical news, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN.A senior Hamas official told CNN that the militant group had agreed to the deal with the US-backed Board of Peace, contingent on Israel upholding its obligations. Hamas has never before agreed to a specific plan to hand over its weapons, according to CNN.The front-month US West Texas Intermediate crude oil climbed 1.4% to $84.75 a barrel, and global benchmark North Sea Brent advanced 1.2% to $90.12 a barrel. Both crude types traded off their respective session highs.In economic news, a survey conducted by the University of Michigan showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years, in line with a month ago. The Federal Reserve has remained above its 2% inflation target for more than five years."Let me reiterate. There is no soft inflation target. There is no soft implicit target. Not on this committee's watch. There's only a target, and it's 2%," Fed Chair Kevin Warsh said in a press briefing after the central bank overcame dissent from three policy makers to leave interest rates unchanged on Wednesday.US Treasury yields surged, with the 10-year trading up 4.7 basis points to 4.71% after touching its 52-week high intraday. The two-year yield climbed 4.4 basis points to 4.27%.In precious metal markets, gold futures dropped 1.3% to $4,107.3, and silver futures slumped 1.5% to $58.13.Further in economic news, the University of Michigan consumer sentiment index was revised upwards to 55.2 for July from 54.4 in the preliminary estimate, compared with expectations for a downward revision to 54.0 in a survey compiled by Bloomberg. That was above the final reading of 49.5 in June.The quarterly US employment cost index rose by 0.9% in Q2, in line with the previous quarter, the US Bureau of Labor Statistics reported on Friday. This was above the consensus estimate of a 0.8% gain in a Bloomberg-compiled survey.

Japan45d ago

US Equity Markets End Higher on Amazon's Profit Surge, Communications Services Rally

US equity indexes ended higher Friday after Amazon.com's (AMZN) Q2 profit soared and the communication-services sector rallied.* Amazon's shares rose 15%, the top gainer on the S&P 500, a day after the e-commerce giant's Q2 results topped Wall Street's estimates on cloud-computing business strength.* A University of Michigan survey showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years.* The University of Michigan consumer sentiment index was revised upward to 55.2 for July from 54.4 in the preliminary estimate, compared with expectations for a downward revision to 54.0 in a survey compiled by Bloomberg.* The quarterly US employment cost index rose by 0.9% in Q2, in line with the previous quarter, the US Bureau of Labor Statistics reported. That topped the consensus estimate of a 0.8% gain in a Bloomberg survey.* September West Texas Intermediate crude oil rose $1.20 to settle at $84.79 per barrel, while September Brent crude, the global benchmark, was last seen up $1.06 at $90.09.* Apple (AAPL) shares fell 7.4%, the biggest drop on the Nasdaq, a day after the company missed market estimates for iPad and services revenue in fiscal Q3.

Wire45d ago

Apple Faces Supply Constraints, Currency Drag in Q4 Amid AI Strategy Questions, UBS Says

Apple (AAPL) faces currency headwinds and tightening memory-supply conditions that are expected to weigh on iPhones, Macs and iPads in fiscal Q4, UBS Securities said Thursday in a report.The company's "lack of a robust AI strategy remains a challenge" amid "limited estimate upside and an elevated valuation," the report said.Foreign-exchange fluctuations are expected to trim Q4 growth by 250 basis points, the report said. Apple expects gross margin of 47% to 48%, including a 100 basis point tariff refund, and UBS projects the figures to drop to 45.9% in the following quarter as the tariff benefit fades."Investor fund flows could shift back toward hyperscalers, semiconductors, and networking and optical companies, capping Apple's valuation multiples," the report said.UBS maintained its neutral rating on Apple stock with a $296 price target.Price: $306.87, Change: $-26.56, Percent Change: -7.97%

$AAPL$AMBA$AMZN$NXPI$RBLX

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.6%.The Philadelphia Semiconductor index added 1%.In corporate news, Amazon's (AMZN) Web Services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Its shares jumped past 15%.Apple (AAPL) shares fell past 8% after the company missed market estimates for iPad and services revenue in its fiscal Q3 results released late Thursday. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.NXP Semiconductors (NXPI) is in talks to buy Ambarella (AMBA), a designer of chips used in the camera technology for self-driving cars, the Financial Times reported. Ambarella shares surged 17%, and NXP shares were down 6%.Roblox (RBLX) shares fell 27% in Friday trading after it withdrew its 2026 guidance.

Japan45d ago

Update: US Equity Indexes Rise Amid Amazon-Fueled Gains in Consumer Discretionary While Crude Oil Trades Off Session Highs

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes rose following a lift by standout gainers consumer discretionary and communication services, and as President Donald Trump signaled an agreement between Israel and militant group Hamas.The Nasdaq Composite rose 1.1% to 25,396.2, with the S&P 500 up 0.8% to 7,499.1 and the Dow Jones Industrial Average higher by 0.7% to 52,590.6 ahead of Friday's close.Consumer discretionary catapulted 6%, and communication services soared 4.3%, outweighing a retreat led by materials in the final leg of trading.Amazon's (AMZN) web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 15%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple (APPL), meanwhile, sank 8.4%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.In geopolitical news, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN.A senior Hamas official told CNN that the militant group had agreed to the deal with the US-backed Board of Peace, contingent on Israel upholding its obligations. Hamas has never before agreed to a specific plan to hand over its weapons, according to CNN.The front-month US West Texas Intermediate crude oil climbed 1.2% to $84.63 a barrel, and global benchmark North Sea Brent advanced 1.2% to $90.12 a barrel. Both crude types traded off their respective session highs.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CVX$NWL$XOM

US Markets45d ago

Update: Equity Markets Rise Intraday Amid Amazon's Post-Earnings Rally

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, supported by Amazon's (AMZN) post-earnings rally, though Apple's (AAPL) shares tumbled after the iPhone maker flagged worsening supply constraints.The Nasdaq Composite was up 0.9% at 25,342.7 after midday Friday, while the S&P 500 climbed 0.7% to 7,485.7. The Dow Jones Industrial Average rose 0.6% to 52,521.3. Among sectors, consumer discretionary was a standout gainer with its 6% advance, while materials saw the steepest drop.Amazon' shares jumped 15% intraday, the best performer on the Dow and the S&P 500. Late Thursday, the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note. "AWS' accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on invested capital) depressant it's been made out to be."Apple was down 9.7%, the worst performer on the Dow and among the biggest declines on the S&P 500. The company missed market estimates for iPad and services revenue in its fiscal third quarter. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.On the earnings call late Thursday, Apple Chief Executive Tim Cook flagged supply constraints in the September quarter affecting iPhone, Mac, and iPad."We continue to expect high levels of demand. However, with less flexibility in supply chain, we expect the impact from the supply constraints to increase significantly sequentially," he told analysts, according to a FactSet transcript.West Texas Intermediate crude oil was up 1.4% at $84.74 a barrel intraday, while Brent rose 1.1% to $90.03. Both benchmarks are set to close out July with monthly gains of more than 20%, following two consecutive monthly declines.Iran hit two tankers trying to transit the Strait of Hormuz under US military escort, CNBC reported, citing state run PressTV.Iran's army said Friday that it struck strategic US assets and military bases in Kuwait and Bahrain, following Washington's attacks against Iran, according to a separate CNBC report that cited state media.In other corporate news, oil giants Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year gains in their second-quarter results as supply disruptions in the Middle East boosted oil prices. Exxon shares fell 1.5%, while Chevron rose 1.7%.Newell Brands (NWL) jumped 14% as its second-quarter earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years.Treasury yields were higher, with the 10-year rate up 7.4 basis points at 4.74%, while the two-year rate jumped six basis points to 4.29%.The Federal Reserve may need to pursue an aggressive tightening cycle if it doesn't raise interest rates immediately to bring inflation down, the three dissenters at this week's monetary policy meeting said Friday.The central bank's 12-member Federal Open Market Committee maintained its benchmark rate on Wednesday, staying on hold for the fifth time. However, three regional Fed presidents -- Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas -- preferred to raise rates by a quarter percentage point.Spot gold declined 1.5% to $4,043.11 per troy ounce, while silver fell 2.3% to $57.65 per ounce.

Sector Update: Tech Stocks Rise Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing marginally and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2.1%.The Philadelphia Semiconductor index added 1.1%.In corporate news, Apple (AAPL) shares fell past 9% after the company missed market estimates for iPad and services revenue in its fiscal Q3 results released late Thursday. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.Amazon's Web Services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Its shares jumped past 15%.An Alibaba (BABA) spokesperson toldthat its alleged supply of H200 chips to Chinese AI company Moonshot is "completely groundless." Bloomberg reported Friday that Moonshot has a computing power agreement with Alibaba to use about 20,000 Nvidia (NVDA) chips. Alibaba shares rose 5%, and Nvidia added 1.9%.

$AAPL$AMZN$BABA$NVDA

Update: Consumer Discretionary Helps Push US Equity Indexes Higher Following Amazon's Blowout Results

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes traded higher, as standout gainers, consumer discretionary and communication services, helped offset a broad-based sectoral decline amid a surge in government bond yields.The Nasdaq Composite rose 0.6% to 25,277.1, with the S&P 500 up 0.5% to 7,472.5 and the Dow Jones Industrial Average higher by 0.5% to 52,452.8.Consumer discretionary catapulted 5.9%, and communication services soared 3.7%, outweighing a broad-based retreat led by materials and technology.Amazon's (AMZN) web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 15%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple (APPL), meanwhile, sank 9%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.Iran said Friday that it had targeted US military assets at Kuwait's Ahmad Al-Jaber airbase, describing the attack as retaliation for US strikes a day earlier, Al Jazeera, a Middle East broadcaster, reported Friday. The US has not responded to Iran's attack yet, and specific details about the damage and casualties are not known, the news report said.Meanwhile, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN.The front-month US West Texas Intermediate crude oil climbed 1.3% to $84.71 a barrel, and global benchmark North Sea Brent advanced 1.1% to $89.98 a barrel. Both crude types traded off their respective session highs.In economic news, a survey conducted by the University of Michigan showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years, in line with a month ago. The Federal Reserve has remained above its 2% inflation target for more than five years."Let me reiterate. There is no soft inflation target. There is no soft implicit target. Not on this committee's watch. There's only a target, and it's 2%," Fed Chair Kevin Warsh said in a press briefing after the central bank overcame dissent from three policy makers to leave interest rates unchanged on Wednesday.US Treasury yields surged, with the 10-year trading up 7.4 basis points to 4.74% after touching its 52-week high intraday. The two-year yield soared 6.2 basis points to 4.29%.In precious metal markets, gold futures dropped 1.5% to $4,100.2, and silver futures slumped 2.2% to $57.71.Further in economic news, the University of Michigan consumer sentiment index was revised upwards to 55.2 for July from 54.4 in the preliminary estimate, compared with expectations for a downward revision to 54.0 in a survey compiled by Bloomberg. That was above the final reading of 49.5 in June.The quarterly US employment cost index rose by 0.9% in Q2, in line with the previous quarter, the US Bureau of Labor Statistics reported on Friday. This was above the consensus estimate of a 0.8% gain in a Bloomberg-compiled survey.

Sector Update: Tech

Tech stocks were mixed Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.1%.The Philadelphia Semiconductor index added 1.1%.In corporate news, Apple (AAPL) shares fell past 9% after the company missed market estimates for iPad and services revenue in its fiscal Q3 results released late Thursday. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.

Update: US Equity Indexes Search for Direction as Amazon, Apple's Quarterly Results Divide Investors

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded higher as market heavyweights Amazon.com (AMZN) and Apple (AAPL) diverged after reporting quarterly results and as the 10-year government bond yield soared to the highest level in a year amid crude oil gains.The Nasdaq Composite rose 0.5% to 25,257.5 after midday Friday. The S&P 500 climbed 0.4% to 7,468.1, and the Dow Jones Industrial Average advanced 0.4% to 52,439.7. Both the S&P 500 and the Nasdaq traded lower earlier in the session.Amazon's web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 14%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple, meanwhile, plunged 14%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.In geopolitical news, Iran said Friday that it had targeted US military assets at Kuwait's Ahmad Al-Jaber airbase, describing the attack as retaliation for US strikes a day earlier, Al Jazeera, a Middle East broadcaster, reported Friday. The US has not responded to Iran's attack yet, and specific details about the damage and casualties are not known, the news report said.The front-month US West Texas Intermediate crude oil jumped 2.1% to $85.38 a barrel, and global benchmark North Sea Brent advanced 1.4% to $90.26 a barrel, as no end is in sight for the Iran war.In economic news, a survey conducted by the University of Michigan showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years, in line with a month ago. The Federal Reserve has remained above its 2% inflation target for more than five years."Let me reiterate. There is no soft inflation target. There is no soft implicit target. Not on this committee's watch. There's only a target, and it's 2%," Fed Chair Kevin Warsh said in a press briefing after the central bank overcame dissent from three policy makers to leave interest rates unchanged on Wednesday.US Treasury yields surged, with the 10-year trading up 7.2 basis points to 4.74% after touching its 52-week high intraday. The two-year yield soared 6.4 basis points to 4.29%.

Wire45d ago

Maxim Adjusts Price Target on Apple to $380 From $350, Maintain Buy Rating

Apple (AAPL) has an average rating of overweight and mean price target of $326.95, according to analysts polled by FactSet.Price: $302.50, Change: $-30.93, Percent Change: -9.28%

Wire45d ago

Update: Apple Shares Fall After Fiscal Q3 Results

(Updates with the latest stock move in the headline and in the first paragraph, outlook commentary in the seventh and the eighth paragraphs.)Apple (AAPL) shares were down 9.5% in Friday trading after the company reported its fiscal Q3 results late Thursday.The company posted quarterly earnings of $2.02 per diluted share, up from $1.57 a year earlier.Analysts polled by FactSet expected $1.89.Revenue for the three months ended June 27 was $109.42 billion, up from $94.04 billion a year earlier.Analysts expected $109.04 billion.The company maintained its quarterly dividend at $0.27 per share, payable Aug. 13 to stockholders of record Aug. 10.Looking ahead, Apple expects its September quarter total company revenue to increase by 9% and 11% year-over-year, with impact from supply constraints to "increase significantly" sequentially, according to the company's quarterly earnings call late Thursday.For iPhone, the company sees continued "high levels" of demand, estimating the growth to be mid-teens year-over-year for the September quarter. Apple added that it does not expect iPhone revenue to be impacted by foreign exchange headwinds and supply constraints, according to the call.Price: $301.73, Change: $-31.71, Percent Change: -9.51%

Dow JonesNasdaq CompositeS&P 500$AAPL$AJG$AMZN$BETH$BITO$CVX$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVO$PMR$QQQ$RBC$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Sector Update: Tech Stocks Rise Premarket Friday

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.4% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 3.4%.Sony Group (SONY) stock was up more than 3% after the company posted higher fiscal Q1 earnings and sales, and raised its sales outlook for the fiscal year ending on March 31, 2027.Cohu (COHU) shares were up more than 24% after the company posted higher Q2 adjusted earnings and revenue, and issued Q3 revenue outlook above analysts' expectations.Apple (AAPL) reported higher fiscal Q3 earnings and revenue. The company captured a record 49% of global smartphone market value in Q2 after its revenue increased 22% compared to a year earlier, Counterpoint said. Apple stock was down more than 7% pre-bell.

$AAPL$COHU$SONY$XLK$XSD

Commodities45d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Amazon Earnings Offset Apple Weakness

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.9% in Friday's premarket activity, as Amazon's (AMZN) stronger-than-expected earnings and continued demand for AI services outweighed weakness in Apple (AAPL) shares following its quarterly results.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 1.1% before the start of regular trading.The quarterly US employment cost index rose by 0.9% in Q2, the same as in the previous quarter, the US Bureau of Labor Statistics reported on Friday.July's Chicago PMI report will be released at 9:45 am ET.The final University of Michigan consumer sentiment reading for July will be released at 10:00 am ET.In premarket action, bitcoin was down by 1.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.7% lower, Ether ETF (EETH) retreated 2.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was down 0.03%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.3%, and the iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rose 2.5%. The VanEck Retail ETF (RTH) gained 1.2%, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% higher.Amazon (AMZN) jumped more than 10% after the company posted higher Q2 results that beat analysts' estimates.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was down 0.5%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.4% lower.Novo Nordisk A/S (NVO) was down 8% premarket after the company said its ziltivekimab did not reduce major adverse cardiovascular events in people with atherosclerotic cardiovascular disease, chronic kidney disease and inflammation versus a placebo in a phase 3 trial.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.4%, the iShares US Technology ETF (IYW) was 0.9% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 4.5%, while the iShares Semiconductor ETF (SOXX) rose by 3.3%.Apple (AAPL) fell 7.5% pre-market Friday after the company reported lower-than-expected services revenue in fiscal Q3.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1%, the Vanguard Industrials Index Fund (VIS) gained 0.3%, and the iShares US Industrials ETF (IYJ) was flat.RBC Bearings (RBC) was up more than 1% before the opening bell after the company reported higher fiscal Q1 adjusted net income and net sales.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.01%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.Arthur J. Gallagher (AJG) was down 4.4% even after the company reported higher Q2 adjusted earnings and revenue.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.Chevron (CVX) was up 0.8% before the market open after the company reported higher Q2 results.CommoditiesFront-month US West Texas Intermediate crude oil gained by 2.1% to $85.32 per barrel on the New York Mercantile Exchange. Natural gas was up 1.5% to $2.80 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.8%, while the United States Natural Gas Fund (UNG) was 1% higher.Gold futures for November retreated by 1.2% to $4,112.80 an ounce on the Comex. Silver futures declined by 1.7% to $57.99 an ounce. SPDR Gold Shares (GLD) was down by 1.5%, and the iShares Silver Trust (SLV) fell by 2.5%.